Senior Bsa Analyst

SUMMARY

The Senior BSA Analyst is responsible for assisting within the BSA Department and supporting the BSA Officer as directed. The individual follows the Company’s BSA Policy to ensure conformity and adherence with all applicable state and federal laws, regulations, and policies and procedures. Additionally, this individual possesses growing level of knowledge in the area of the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/Officer of Foreign Assets Control (OFAC), and supports the monitoring process according to internal procedures and schedules, as well as providing support to their supervisor on special projects and assignments.

Ensures compliance with established Bank policies and procedures. Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: GLBA(Gramm-Leach-Briley Act) , Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd Frank Act), Elder Abuse Laws, Bank Secrecy Act in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program and Right to Financial Privacy Act (state and federal).

REQUIRED DUTIES

1. Conduct more complex customer relationship review as it relates to Enhanced Due Diligence (EDD), Know Your Customer (KYC) and Suspicious Activity Report (SAR), and adhere to regulatory guidelines and the bank’s practices.

2. Analyzing the information to reasonably ensure customers’ BSA/USA PATRIOT Act/OFAC compliance.

3. Review assigned cases with banking relationships and products and detects possible suspicious activity; conduct any needed research; and file SAR as needed and document the research and analysis performed.

4. Correspond with business units and branches for clarification of the activities conducted; obtain supporting documentation; and update responses to the BSA system.

5. Perform the required KYC screening on new clients and higher risk customers defined by the bank’s policy and procedures by documenting and corroborating the information obtained on the client as required by the banks’ KYC Procedures utilizing a variety of independent research sources. Customers defined as high risk customer may include but not limited to Money Service Business (MSB), Trade Finance Service Customers, Politically Exposed Persons (PEP), Correspondent Banking Relationships, Non-Bank Financial Institutions (NBFI), Cash Intensive Business Customers, Non-Governmental Organizations (NGO), and Import Export Wholesale Businesses.

6. Conduct quality control/quality assurance call back procedures for business unit delegated BSA responsibilities to ensure compliance with BSA regulations and laws as it related to Customer Due Diligence (CDD), Office of Foreign Asset Control (OFAC) and new customer onboarding risk evaluation.

7. Maintain and manage list of accounts, and maintain required documentation.

8. Conduct OFAC search on the beneficiaries of monetary instruments purchased by the customers using cash and record the search results.

9. Stay abreast of compliance regulations as they apply to this position. Ensure activities are in compliance with the laws, rules, regulations, policies, and accepted practices.

10. Ensure compliance with all external reporting requirements to include regulatory governing entities. Maintain all records, reports and supporting documentation for BSA compliance.

11. Responsible for developing and ensuring completion of annual BSA/AML/OFAC training for staff that requires initial or periodic training.

12. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

13. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.

14. Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.

15. Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.

16. Performs duties specific to the position and other functions as assigned.

MINIMUM REQUIREMENTS

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

• Bachelor’s degree in Accounting, Finance and/or Business Administration from an accredited university and/or

four (4) plus years of work related experience must consist of Risk, banking regulation and BSA in the financial services industry desired. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.

• Working knowledge of suspicious activity typologies, trends and patterns

• Working knowledge of various business line operations and expected activities

• Intermediate skills in computer terminal and personal computer operation, mainframe computer system, word processing, typing and spreadsheet software programs to meet the needs of the position.

• Intermediate math skills; ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.

• Excellent verbal, written and interpersonal communication skills, with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers and employees.

• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.

• Ability to work with no supervision while performing duties.

• Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.

Pay $50,000 - $72,000 per year. The salary reflects the full salary range for this position. Individual placement within the range is based on the candidate’s current experience, education, skills, and abilities related to the position. Successful candidates typically begin up from the beginning to mid-point of the salary range. Successful candidates may be eligible for [bonus/stock/commissions/incentives] at the Company’s sole discretion. We offer a comprehensive benefits package which includes paid sick and vacation leave; paid holidays; medical, dental, vision, life and disability insurance package for employees and dependents; various other voluntary benefit offerings, and optional retirement accounts.

We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.